Mackay Shields LLC Purchases Shares of 19,308 VICI Properties Inc (NYSE:VICI)

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Mackay Shields LLC purchased a new stake in VICI Properties Inc (NYSE:VICI) during the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 19,308 shares of the company’s stock, valued at approximately $438,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. NEXT Financial Group Inc acquired a new position in shares of VICI Properties in the 3rd quarter valued at $37,000. Signaturefd LLC boosted its holdings in shares of VICI Properties by 142.7% in the 2nd quarter. Signaturefd LLC now owns 3,711 shares of the company’s stock valued at $82,000 after purchasing an additional 2,182 shares during the last quarter. Advisory Services Network LLC acquired a new position in shares of VICI Properties in the 2nd quarter valued at $86,000. FNY Investment Advisers LLC acquired a new position in shares of VICI Properties in the 2nd quarter valued at $88,000. Finally, Advisor Group Inc. boosted its holdings in shares of VICI Properties by 19.0% in the 2nd quarter. Advisor Group Inc. now owns 5,392 shares of the company’s stock valued at $119,000 after purchasing an additional 861 shares during the last quarter.

Shares of VICI stock opened at $24.64 on Monday. VICI Properties Inc has a 12 month low of $17.64 and a 12 month high of $24.80. The company has a debt-to-equity ratio of 0.51, a current ratio of 83.01 and a quick ratio of 83.01. The firm has a market capitalization of $11.34 billion, a P/E ratio of 17.23, a P/E/G ratio of 1.86 and a beta of 0.84. The company’s fifty day moving average price is $23.46 and its two-hundred day moving average price is $22.41.

VICI Properties (NYSE:VICI) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.03). VICI Properties had a return on equity of 7.84% and a net margin of 66.78%. The firm had revenue of $222.51 million during the quarter, compared to analyst estimates of $224.50 million. During the same quarter in the prior year, the firm earned $0.36 EPS. The business’s quarterly revenue was down 4.4% compared to the same quarter last year. On average, sell-side analysts anticipate that VICI Properties Inc will post 1.48 EPS for the current year.

A number of brokerages have weighed in on VICI. Zacks Investment Research upgraded shares of VICI Properties from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Thursday, November 7th. Deutsche Bank set a $28.00 target price on shares of VICI Properties and gave the company a “buy” rating in a report on Monday, November 4th. Morgan Stanley upgraded shares of VICI Properties from an “equal” rating to a “weight” rating and lifted their target price for the company from $25.00 to $26.00 in a report on Monday, August 26th. Finally, Citigroup lifted their target price on shares of VICI Properties from $21.00 to $26.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $25.68.

About VICI Properties

VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace. VICI Properties' national, geographically diverse portfolio consists of 22 gaming facilities comprising approximately 39 million square feet and features approximately 14,800 hotel rooms and approximately 150 restaurants, bars and nightclubs.

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Institutional Ownership by Quarter for VICI Properties (NYSE:VICI)

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